Why Layaway is Hot Again
It was not so long ago that most major retailers did away with their Layaway programs. In general, people had stopped using the programs in favor of making their purchases with credit cards.
You don’t have to be a news hound to know that the news on credit cards is that they are harder to get approved for than ever and many people are seeing their spending limits lowered. And, that’s why Layaway is hot once more.
Sears in one national retailer that has brought Layaway back for their customers. What that means for you is that if you see something on sale that you want to buy now, but you cannot afford it and do not want to use a credit cards, you can put the item on Layaway, lock in the price with a down payment and then just make payments each week. You’ll have your items in your hot little hands in time for Christmas.
I rarely, if ever, use my credit card. I prefer to pay in full when I have the money. However, Layaway is a payment method I see as both responsible and advantageous. It meets a need in my life right now, especially with Christmas right around the corner. I have in mind buying one of those coffee makers for my mom that has a timer so she can set it up at night and have a hot cup of coffee waiting for her when she wakes up in the morning. However, I also want to get my sister one of those massive George Forman grills. And, I want to get myself a little something – a KitchenAid mixer (not a token purchase, by the way). The good sales seem to be happening now, but my wallet isn’t ready yet for the purchase. Sears Layaway to the rescue. You cannot go wrong with kitchen applicance in my family!
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